Google Channel Testing Key Support

By | December 14, 2014

Like many other stocks that I follow, Google (GOOGL) has been consolidating for most of the year, and is currently testing technical support. In the case of Google (GOOGL) the consolidation took the form of a horizontal channel and Friday’s close is retesting the pattern bottom. The MacD and Chaikin Money Flow are both tracking lower and below their centerlines, and a pattern breakdown projects a target price in the $412.00 area.

43. GOOGL chart

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